As a whole, the cryptocurrency industry has made what was impossible before possible, including the ability to remit and transfer money to anywhere in the world.

Importance of Investing in a Licensed Cryptocurrency Exchange

Cryptocurrency exchange platforms are on the rise and have become places where investors could grow their money. Everyone, from beginners to experienced traders can dive right in and not worry about security or reputation.

A licensed exchange stands to gain greater ground compared to exchanges that can only be found in Google searches. Aside from commanding greater trust among large traders and corporations, these entities are more secure and safer from hackers and fraud. is one such example of an established cryptocurrency exchange. Aside from being able to sell, trade or buy crypto coins at a lower price, you can trade with confidence knowing that the licensed cryptocurrency exchange is backed by investors and corporations.

Why a Security License is Key

Investing in cryptocurrency has its ups and downs, more so if it’s done on crypto exchange websites. The risk is lessened when you trade on a licensed platform- all the money you put in goes towards crypto assets and not anywhere else.

A licensed exchange is bound to have more traders who put in significant amounts of money as they are more confident compared to putting money on sites that only exist through Google.

More and more exchanges are acquiring licenses in hopes of maintaining their operations. Countries, as a whole are setting up regulations in order to gain the trust of investors.

Investing in crypto is exciting; however, the lack of regulations can put off investors who want steady gains. Cryptocurrency exchanges should begin their journey to acquire a license to they can be seen as a legitimate exchange platform, such as

Exchange availability mostly falls into two elements- proper certification and their country’s regulations regarding crypto and blockchain technology.​​​​​

iLounge author Lucy Bennett

Lucy Bennett is a Contributing Editor at iLounge. She has been writing about Apple and technology for over six years. Prior to joining iLounge, Lucy worked as a writer for several online publications.